OTTAWA (dpa-AFX) - Golden Minerals Company (AUMN, AUM.TO) said Wednesday that it has closed its underwritten offering of 5,497,504 units, comprised of one share of common stock and a five year warrant to acquire one half of a share of common stock at an exercise price of $8.42 per share, at a price of $5.75 per unit, before underwriting discounts.
Additionally, the company said that it has closed its private placement with The Sentient Group, the Company's largest stockholder, pursuant to which Sentient has purchased a total of 1,365,794 units, comprised of one share of common stock and a five year warrant to acquire one half of a share of common stock at an exercise price of US$8.42 per share, at a price of US$5.4625 per unit.
The aggregate net proceeds from the sale of the shares in the offering and the private placement was about $37.0 million after deducting discounts, commissions and estimated expenses.
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